The Spurs led Game 6 by 7 at halftime...
Then won the 3rd quarter 32-13, capped by a 20-2 run 🤯
NEXT UP... GAME 7 on Saturday at 8pm/et on NBC & Peacock!
Key Takeaways:
🔹ETH gets crushed (-13.57%) as BTC drops another 4.52%, mcap slides to $2.47T
🔹Stablecoin land grab accelerates: GEL₮, SoFiUSD, and fUSD all launch in the same week
🔹Saylor pauses BTC buying this week, opting to buy back debt instead
🔹Hyperliquid expands the empire with validator-driven outcome markets
🔹AI x DeFi gets real with Liquid's Co-Invest inside Claude and ChatGPT
Stay informed, Stay ahead:
6/6
Major Project Updates:
🔹Hyperliquid launches canonical outcome markets with validators as the source of truth, removing third-party oracle dependencies.
🔹Berachain introduces PoL Next to streamline tokenomics and minimize inflation.
🔹Base rolls out Base MCP, enabling AI agents to swap, trade, and connect to leading Base apps.
🔹Pump expands to USDC pairs and multichain trading across Ethereum, Base, BNB, and more.
4/6
Narrative of the Week: Everyone Wants a Stablecoin
🔹Tether and the Government of Georgia launch GEL₮, an official sovereign stablecoin.
🔹Fintech firm SoFi launches SoFiUSD, with tokenized deposits planned next.
🔹Falcon Finance and Anchorage Digital Bank launch fUSD, a GENIUS-compliant stablecoin with a 3% target yield via Ceffu.
Every company and government seek to issue their own stablecoin to keep up with the global adoption of stablecoins as 24/7 global payment rails.
3/6
Market Overview:
🔹 Crypto mcap down 4.26% to $2.47T. BTC -4.52%, ETH -13.57%.
🔹 Long liquidations hit $654M on Thursday, nearly double the usual.
🔹 Funding rates rising across majors despite the drawdown.
🔹 Strategy buys zero BTC this week, repurchases $1.5B in 2029 convertible notes instead.
🔹 MasterCard secures NY BitLicense for stablecoin and digital payment infrastructure.
🔹 Grayscale delays its IPO to at least Q4 2026, citing market conditions.
🔹 S&P +2.06%, Nasdaq +3.68% as equities soared while crypto failed to find a bid.
2/6